Deals of the day-Mergers and acquisitions
Feb 20 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Friday:
*ConocoPhillips COP.N is exploring a sale of some of its Permian Basin assets as part of a broader streamlining of its portfolio, Bloomberg News reported, citing people familiar with the matter. nL4N3ZG19X
Axel Springer will back a consortium led by Dovid Efune in a 500 million pound ($673.95 million) bid for the Telegraph Media Group, a company spokesperson told Reuters. nL4N3ZG0PJ
Pleasant Lake Partners disclosed a roughly 10% stake in toymaker Funko FNKO.O and said the company should consider strategic alternatives, including the possibility of a sale, according to a regulatory filing from Thursday. nL6N3ZG0O6
Swiss drugmaker Novartis
Swiss Re Corporate Solutions has agreed to acquire QBE Insurance Group’s global trade credit and surety business, a portfolio expected to generate annual revenues of approximately $200 million. nL6N3ZG00M
J&F, the holding company owned by Brazil's billionaire Batista family, is considering the acquisition of a controlling stake in CSN Cimentos, the cement unit of Brazilian steel and mining group CSN
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